Torchmark Life Insurance
Torchmark Life Insurance is not affiliated with, nor does it endorse or sponsor, the contents of this webpage or the TermLifeInsuranceQuotes.com website.
The Torchmark Corporation can trace its roots back to the turn of the twentieth century. Originally founded in Birmingham, Alabama in 1900 as the Heralds of Liberty, a fraternal organization that specialized in life insurance products, the company's name was soon changed to the Liberty Life Assurance Company, but it was not until the 1970s, after decades of financial success and acquisitions that the company became the Torchmark Corporation, which then created a wholly-owned subsidiary known as the Liberty National Life Insurance Company in remembrance of its founding fathers. Today, Torchmark term life insurance has well over 100 billion dollars of policy in force, and owns six separate insurance companies, including the United American Insurance Company and the Globe Life and Accident Insurance Company. The company has weathered many financial storms, and has performed consistently in the American market, reporting a 2% increase in net operating income per share in the first quarter of 2010 when compared with the first quarter of 2009, a pattern which has been consistent over the past decade.
The first real challenge faced by the Torchmark Corporation, then Liberty National Life Insurance Company, was the great depression. The company was incorporated in 1929, and was suddenly faced with a host of clients who had lost everything, or were on the verge of total financial and emotional collapse. Through grit, determination and a focus on one-to-one customer service, the business prevailed and by the end of the 1930's had over 30 million dollars of life insurance in force. In 1944, the company acquired Brown-Service, a home insurance provider with clients and agents located all across the state of Alabama. This acquisition gave the company enough clout to move into other states, and within a year the company was serving not only Alabama but Florida, Georgia, Louisiana, Mississippi, South Carolina and Tennessee as well.
In 1950, the company happily hit the 500 million dollar mark for insurance in force, and in the 1960s began developing popular cancer insurance policies along with more varied financial service options. By the early 1970s, the company's insurance in force had grown to ten times its 1950 number, reaching 5 billion dollars. In the latter part of the 1970's, the Torchmark Corporation was founded, with Torchmark term life insurance still the central product offered to consumers.
Torchmark has seen its share of ups and downs, but has always managed to right itself in a bear or bull market. With a focus on value and service, this Alabama company set its sights on, and achieved, national prominence.
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Torchmark Life Insurance is not affiliated with, nor does it endorse or sponsor, the contents of this webpage or the TermLifeInsuranceQuotes.com website.
The Torchmark Corporation can trace its roots back to the turn of the twentieth century. Originally founded in Birmingham, Alabama in 1900 as the Heralds of Liberty, a fraternal organization that specialized in life insurance products, the company's name was soon changed to the Liberty Life Assurance Company, but it was not until the 1970s, after decades of financial success and acquisitions that the company became the Torchmark Corporation, which then created a wholly-owned subsidiary known as the Liberty National Life Insurance Company in remembrance of its founding fathers. Today, Torchmark term life insurance has well over 100 billion dollars of policy in force, and owns six separate insurance companies, including the United American Insurance Company and the Globe Life and Accident Insurance Company. The company has weathered many financial storms, and has performed consistently in the American market, reporting a 2% increase in net operating income per share in the first quarter of 2010 when compared with the first quarter of 2009, a pattern which has been consistent over the past decade.
The first real challenge faced by the Torchmark Corporation, then Liberty National Life Insurance Company, was the great depression. The company was incorporated in 1929, and was suddenly faced with a host of clients who had lost everything, or were on the verge of total financial and emotional collapse. Through grit, determination and a focus on one-to-one customer service, the business prevailed and by the end of the 1930's had over 30 million dollars of life insurance in force. In 1944, the company acquired Brown-Service, a home insurance provider with clients and agents located all across the state of Alabama. This acquisition gave the company enough clout to move into other states, and within a year the company was serving not only Alabama but Florida, Georgia, Louisiana, Mississippi, South Carolina and Tennessee as well.
In 1950, the company happily hit the 500 million dollar mark for insurance in force, and in the 1960s began developing popular cancer insurance policies along with more varied financial service options. By the early 1970s, the company's insurance in force had grown to ten times its 1950 number, reaching 5 billion dollars. In the latter part of the 1970's, the Torchmark Corporation was founded, with Torchmark term life insurance still the central product offered to consumers.
Torchmark has seen its share of ups and downs, but has always managed to right itself in a bear or bull market. With a focus on value and service, this Alabama company set its sights on, and achieved, national prominence.
